Singapore's Serial System half-year sales rise on higher electronic component sales

Serial System

14/08/2026 12:31

Overview
Singapore electronics distributor's half-year sales rose 28% yr/yr
Gross profit for the period increased 25% yr/yr
Gross margin declined slightly to 8.1% from 8.3% yr/yr

Outlook
Company did not provide specific financial guidance for future periods

Result Drivers
HIGHER ELECTRONIC COMPONENT SALES - Co said electronic components distribution turnover increased 34%, driven by robust demand across consumer electronics, automotive and electric vehicle sectors, and higher AI-related product sales
STRONGER HONG KONG AND CHINA DEMAND - Co said Hong Kong and China recorded the strongest sales growth, helped by demand from consumer electronics, household appliances, telecommunications, automotive and electric vehicle sectors

Company press release: ID:nSNrlD3s

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
$503.07 mln
 
H1 Gross Margin
 
8.10%
 
H1 Gross Profit
 
$40.67 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)